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In Western Canada, specialty drugs’ share of private plans’ costs is 23%, due to pharmacare programs in three provinces automatically acting as first payer for prescription drugs after an income-based out of-pocket deductible, climbing to 38% in Atlantic Canada. As much as 60% of the current pipeline is focused on specialty medications, according to a 2020 report from Express Scripts Canada, with about 50% of drugs in the pipeline designed for oral administration, continuing a shift in costs from provincial to private plans. This framework is two-tiered, as a Green Shield Canada report notes each insurer places eligible high-cost drug claims from their fully-insured plans into their proprietary extended health-policy protection plan pools. The pooling threshold, typically upwards of $10,000, is negotiated between plan sponsor and carrier. ....
The Empire Life Insurance Co. is adding opioid management solution to its pay-direct drug benefit plans. Alongside the coronavirus pandemic, another public-health issue has worsened during these tumultuous times. Between July and September 2020 there were 1,705 apparent opioid toxicity deaths, according to the Government of Canada. This stat represents the highest quarterly count since national surveillance began in 2016 and represents a 120 per cent increase from the same time frame in 2019 (when there were 776 opioid-related deaths), according to the government. And in all, there’s been 19,355 apparent opioid toxicity deaths between January 2016 and September 2020. With this new offering, Empire Life aims to reduce exposure to opioids and educate group benefits plan members about the risks associated with chronic use of these powerful drugs, while helping address plan members’ needs, according to a press release. The opioid management solution will be available t ....
Share this article New offering reduces exposure to opioids and helps prevent dependence and misuse KINGSTON, ON, April 1, 2021 /CNW/ - The Empire Life Insurance Company ( Empire Life ) (TSX: EML.PR.A) today announced it is adding the Express Scripts Canada Opioid Management Solution to its pay-direct drug benefit plans. The goal is to reduce exposure to opioids and educate group benefits plan members about the risks associated with chronic use of these powerful drugs, while helping address members needs. The Opioid Management Solution is designed for those who have not taken opioids in the past six months. How it works: ....
Pandemic, floorspace expansion delay opening of Toronto’s Indigenous Centre for Innovation and Entrepreneurship until 2022 Toronto’s Indigenous Centre for Innovation and Entrepreneurship (ICIE) is now expected to open in 2022, following delays related to the COVID-19 pandemic and a floorspace expansion to 22,000 square feet. The Centre was originally scheduled to open by the end of 2020. “The Indigenous Centre for Innovation and Entrepreneurship will be Indigenous-led, and with a predominant Indigenous board.” A City of Toronto project designed with input from the local Indigenous community, the ICIE will be located on City-owned space at 200 Dundas Street East. The Centre hopes to provide opportunities for the local Indigenous community to explore entrepreneurial aspirations by providing business programming, advisory services, mentorship support, shared co-workspace, community event space, and connections to business networks. ....
It s going to be a very, very challenging period over the upcoming months, said Dr. Dorian Lo, a medical doctor and president of Express Scripts Canada, the largest private claims administrator in the country. It s clear that folks are suffering. Lo said he expects SSRI claims in 2021 to outpace pre-pandemic levels by as much as 25 per cent. Medication can absolutely save lives The soaring number of prescriptions places added pressure on mental health services that support first-time patients who are going through what could be the darkest time in their lives, according to advocates. To put it bluntly, people s lives are at stake. This far too often results in a suicide or suicide attempt, said Pharmacist Jen Baker, who owns Pharmasave Loyalist Pharmacy in Amherstview, Ont. ....